ET Stocks NEWS Powered by M&M Q3 results: Net profit rises 40% to Rs 531 cr, below Street estimates; revenue grows 16% SECTIONS M&M Q3 results: Net profit rises 40% to Rs 531 cr, below Street estimates; revenue grows 16%ETMarkets.com Last Updated: Feb 05, 2021, 01:45 PM IST Share Synopsis The company and its arm Mahindra Vehicle Manufacturing’s revenues in the quarter grew 16 per cent on year to Rs 14,057 crore. Analysts had expected the company and its arm to report a combined net profit of Rs 1,461 crore on revenues of Rs. 13,972 crore. Related NSE Explore Now MUMBAI: Mahindra & Mahindra and its arm Mahindra Vehicle Manufacturing reported a 40 per cent year-on-year rise in net profit to Rs 531 crore in the quarter ended December. However, the bottomline was dented by a one-time loss on impairment of assets of subsidiaries.